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20091101
20091130
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WETA 19
WMPT (PBS) 11
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English 30
Search Results 0 to 29 of about 30 (some duplicates have been removed)
>> paul: when it comes to bank of america's shotgun wedding to merrill lynch, congress is again debating who was pulling the trigger. some say it was bank of america; others blame regulators for pushing a deal at any cost. >> suzanne: with just a tiny increase in prices paid to factories, farmers, and other producers, the inflation picture remains tame, but could an uptick in prices be welcome news for the fed? we ask an economist. >> paul: general electric is getting ready to say so long to nbc-universal. a look tonight at why g.e. is making the move. >> suzanne: then, a big win for an american car maker. we'll tell you who took top honors in motortrend's car of year, and why that could push its sales even higher. >> paul: i'm paul kangas. >> suzanne: and i'm suzanne pratt. susie gharib is off tonight. this is "nightly business report" for tuesday, november 17. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> suzanne: good evening, everyone. in late
: one out of every ten workers in america is not working. and not by choice. today's data show almost 16 million of people are looking for jobs a harsh reminder of the pain caused by the great recession. economist bruce kasman warns things are likely to get worse. >> i think it's a reasonable chance that by the time the labor market reaches its worst point, we are actually going to have the worst labor market that we've had in the united states since the great depression. and that's a pretty sobering reality. >> reporter: speaking of sobering, by one measure, the jobless rate is actually closer to 17.5%. that's the figure, if you include part-timers who would rather be full-time and people so discouraged looking for work, they've given up. however, today's report did have some glimmers hope. though the economy lost 190,000 jobs last month, that's still well below january's peak. economist milton ezrati says the creation of 34,000 temporary position in october is also a positive sign. >> what happens is-- at a turn in the economy-- and there's good evidence that we are seeing a turn towar
gersh takes a look. >> rorter: america loves an apology. all i can say is that i apologize. >> please let me apologize. >> i apologize tohe public. report you tube isilled with them. >> i'm really really sorry, i apologize unservedly. >> reporter: but loving apogy and accepting one are two different things, whh makes goldman sachs' c.e. lloyblankfein's apology-- made at a directohip magazine conference-- a controvsial move. >> we're a leadein our industry and we participat in things that are early wrong and we have reass to regret and apologize fo >>eporter: the fortune columnist, blogger and.b.s. exutive who writes under the name stanley bing says it rely makes sense for companies apologize. mostren't accepted and he says, in blankfein's case, iis not clear what he was apologizing fo >> what was clearly ong, can you identi what was wrong? if y can't, why not? whisn't he identifying what was wrong? reporter: public citizen's robert weissman helped oanize this rly outside goldman's shington offices on monday. he inot appeased by goldman's regret. >> to ju say, "i'm sorry, things are wr
through cost-cutting and improved sales in asia and latin america. still, the c.e.o. was disappointed by the quarterly loss. >> it's certainly better than our plan going into bankruptcy. but none the less it's a loss and you can not be satisfied with it. >> reporter: the outlook next year for g.m. is a bit murky. u.s. auto sales could have trouble gaining traction if unemployment keeps rising and consumer confidence keeps falling. lindland is encouraged by the progress g.m. is making and is optimistic the company will break even next year or possibly turn a profit. >> once they sort of bit the bullet and went through bankruptcy the american public as actually responded pretty well. their sales did not decline as much as we expected. so, i think when we look at their prospects given the worse they've been through and now they're coming out of it. >> reporter: g.m. thinks an initial public stock offering could come by the middle of next year, provided the capital markets improve and auto sales shift out of neutral. diane eastabrook, "nightly business report" chicago. >> susie: meanwhile
virgin america heren the states hasctually done remarkably ll, you know, in the downturn. virgin atlantic tt relies quite heavily on the business market, maybe sligly less so. >>re you seeing areas where, perhaps, business is better o improving tony deee? >> the last four mths has definitely been ite a dramatic pickup,hroughout all our airline and so the airlines are full. yields aretill low, but definitely a lot me people e back to flying again. >> global clime change and redung carbon emissions is e of your "passions". how doeshe airline industry reducetsarbon foprint. >>ell, the virgin group has done is we said that we'll take 100 percen of all the prots we make from our airline businesses a we'll invest themn trying to come up with alternave clean fuels. now that wld be obviouy the bestay of dealing with the problem. in the meantime, we've been urging the airaft nufacturers to try to pruce lighter blends. you know, one of the prlems is that the 7 -- 787 that boeing had pduced that is lighter ha been horribly delayed with tenical issues. but we're trying toet the airline manufacturers
world, i think china, india or in pick up steam and doing a very good job. latin america, vies by country. bazzl doing pretty well. mexico tied the u.s., a little bit more challging. europe was perhapshe biggest surpri. i felthat eure would lag behind the u.s. by two and maybe three quarters. we saw some go trends in northern europe, southern europe still kind of challenged. let me talk to you a little bit about competition. ibm and hewlett-packard used to be scopartners but not any more. ashey try to catch this wave of tech spending, is that going to make things diffict for cisco, are we going to s a clash of the tech tans? >> the exciting thingbout wh cisco is doin is if yolook down to the consumer levele're competing against very good companies like apple. steve jobs actually brought our flip produ on stage the other day and said it is e first time he has ever done that and said here say very good company, but we're going beat them. that is a good compliment and a shot across the bow you begin to think aut where were going in t data cter. clearly we'll be taking on some vy
. >> paul: that's why the pres ent's planning a jobs summit, searching for ways to get america back to work. will it work? some answers tonight from a political economist. >> susie: intel and advanced micro devices kiss and make up, ending a years-long dispute over computer chip sales. but will their deal take government anti-trust heat off of intel? >> paul: gold pushed to a new record overnight, north of $1,100 an ounce. so, how best to invest in the shining star of the commodities market? we get some answers. >> susie: then, from the printed page to the electronic one, the plot thickens in the publishing industry. and with the industry's business model up for grabs, there's a lot at stake. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for thursday, november 12. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt >> susie: good evening, everyone. creating jobs for americans is now job number one for president obama. he a
, india or in pi up steam and doing a ve good job. latin america,aries by country. ba il doing pretty well. mexico tieto the u.s., a little bit more chaenging. europe was perha the biggest surpse. i fe that eope would lag behind the u.s by two a maybe three quarters. we saw some od trends in northern europe, souther europe still kind of challenged. >> let me talk to you a little bit about competition. ibm an hewlett-packard us to bsysco partners but not any more. they try to catch this wave of tech spending, is that going to make things diffult for cisco, are we going toee a clash of the techitans? >> the exciting thing about at cisco is dog is if u look down to the consumer lev we're competing against very goo companies like apple. steve jobs actually brought our flip proct on stage the other day an said it is the first time he has ever done that and said here say very good company, but we're gointo beat them. that is a good compliment and a shot across the b. you begin to thinkbout where are going inhe dataenter. clearly we'll be taki on someery good companies li at hp and an ibm. u beg
of theeasons nk of america, merrill lynch esn't expect them to move until011. >>et me go back to something you sa about earningsre coming in better than people are expeing. are companieseally doing better or are they -- is it just a matter of them having cut costs and that's w we're seeing somgrowth? >> susie, we get questions about t revenue growth type situation allhe time. and really if yo think out it, at this point of the cycle when are you coming out othe botm, you know comnies, the way that earnings improve are alwa because of cost-cutting. renue growth is later. d i think it's going to be no different in th paicular recovery. probably with we have sequtially earnings are geing better. quentially earnings are going u but on a year-over-year base're going have to wa a little while. but cost-cutting is always hoearnings improve off the bottom. >> should we concerned that thedollar is hitti these lows and stocks are going up? is that a gd or bad thing for companies anfor the markets. >> well, the dollar is often se as some sort of view on the heal of the u.s economy. some ways it might be
the aal liquidity th adding and asking that same question. that is one of the reaso bank of america, merrill lyncdoesn't expect them to move unt 2011. let me go back to something you id about earnin are coming in better than people are excting. are compani really doi better or are they is it just a matter of them having cut costs and that'shy we're seeing se growth? susi, we get questions abouthe revenue growth type situation a the time. and really if u think about it, at this point of the cycle when are you coming outf the btom, you know cpanies, the way that earnings improve are alys because of cost-cutting. venue growth is later. and i think it's going to be no different in is rticular recovery probably with we have seentially earnings are tting better. sequentially earnings are goingp but o a year-over-year bis we're going have to it a littl while. but cost-cutting is always w earnings improve of the bottom. >> should webe concerned that the dollar is hitng these lows and stocks are going up? is that aood or bad thing for companies d for the markets. >> well, the dollar is ofte
of the reasons bank of america, merrill lynch doesn't expect them to move until 2011. >> let me go back to something you said about earnings are coming in better than people are expecting. are companies really doing better or are they -- is it just a matter of them having cut costs and that's why we're seeing some growth? >> susie, we get questions about the revenue growth type situation all the time. and really if you think about it, at this point of the cycle when are you coming out of the bottom, you know companies, the way that earnings improve are always because of cost-cutting. revenue growth is later. and i think it's going to be no different in this particular recovery. probably with we have sequentially earnings are getting better. sequentially earnings are going up but on a year-over-year basis we're going have to wait a little while. but cost-cutting is always how earnings improve off the bottom. >> should we be concerned that the dollar is hitting these lows and stocks are going up? is that a good or bad thing for companies and for the markets. >> well, the dollar is often s
at the new america foundation. >> at the end of a long day of worrying about budget deficits, w-shaped recessions and fed exit strategies, i will admit that, on occasion, i partake in that dirty little pleasure of watching reality tv. i know, you say that you don't watch it, but even so, trust me, your neighbors do. bringing it closer to home, the "real housewives," the show that tracks rich and hoping-to-be famous women in various cities, is being filmed right here in washington, d.c. what should we expect? not botox parties like the orange county cast had; this is a city more about brains than beauty, or at least people keep their plastic surgeries private. nor will it be about conspicuous consumption like in the new york city series, even if washington is the new wall street. we just don't have that kind of money, and non-stop spending sprees would play poorly as the economy continues to limp along. the currency in washington is of course power, but the truly powerful wisely don't want to do the show. members of congress, white house staff, supreme court justices and media el
contract sinc2005. that's when america westought u.s. airwa. since then, e merged company's pilots have been flying unde sepate union contracts and work rules. u.s. airways had no commt. euu >> susie: here a look at what'sappening next week. my guest mart monitor this we is michael oiggins, president of o o'higgins asset management in florida. welcome back. nice to be he. >> wl street continues i a rallmode thateems unstoppable. what is the main drivg force behin this impressiv bull? >> it's the fed'smoney printing machi. >>imple as that. >> triions of dollars. they've got toind a home somewhere. >> andhey are fining the stock market. >> i mean businessmen aren't confident they aren't going to invest in ftories d creating new jobso it goes into eculation. >> what could tu the tide and cause a sharp downturn? >> well, i think the market usually falls on its own weig, periodically particularly if gets ead of itself. it pbably a little ahead of itself. it has h a huge run since march. an typicly even if this is a cyclicabull market which it may or may not be we should get a 14 to 1 corre
of evidencnecessary to ensure convictions. >> susie: thers a big disconnect beten main street america and waz ring this financial cris. a t of people who lost money in the bea stearns caseere institutns and high net worth individual but yet the is this sense thatnce again a big financial fm, or individus who work a big financial firms got off. what would you sayo the american public? >> understandhat the american publiis going to be disturbed and surprised by this. but this is how our system of criminal justice h always been structured. it gives t balance of advantage the defendant. unlesshe prosetion can show that beyond a reasonae doubt a crime was committ, the ju is instructed to acquit, and i think this jury basically observed the instructions they we given by t court, that they had a reasonle doubt, they saw i right ay and therefore the balance of advantage ctated that t defendant be acquitted. >> susie jack, tha you so much for your me. very interesng analysis. >> thank you. >> paul: aer small opening losses on prof-taking from yesterday's sharp rally,all stet bounced back with a 33- point
dipped slhtly. so could america be falling backnto irresponsible spending habits? onomist dean maki says no. >> i thinke have to step back in terms of the saving rat a couple oyears ago when the stocmarket and housing markets wereeally booming, the saving rate was close to ze. now it has mov up to about 4.5% and thas a more realistic longer term level ofhe saving rate. >> rorter: make no mistake, over the long-term, ecomists wod like to see the savings rate rise substantiay-- perhaps evenouble. but they he the increase haens gradually. ov the course of many years. for now,he priority is spding because it accounts for about o-thirds of economic growth. browne is doing hepart. right now she's researchg laptops. i'm still watching my money being really minul. but it fun to actually spend a little bit of money right no because we haven spent for prettyuch the last two years. >> reporter: econosts hope that's not just her mindt but a change that's happeninacross the countr erika miller, "nigly business repo", bayonne new jersey. >> pl: that nice uptick in consumer spending put wa street in a
investor warren buffett is buying the burlington northern santa fe railroad as an upbeat bet on america's future. his berkshire hathaway is spending $34-billion to buy the remaining shares it doesn't already own. erika miller has more on why buffet is making such a bold move. >> reporter: there's nothing like owning your own train set. and while most people think in terms of the toy version billionaire investor warren buffet is buying the real deal. make no mistake, buffett's purchase of burlington northern santa fe is far from frivolous. it's a calculated bet on a recovery in the railroad industry something analyst kevin kirkeby says is not yet underway. >> what the rails are providing is confirmation that things are stabilizing. they are not saying that things have turned the corner and we're going to have gangbuster growth. >> reporter: buffet has been investing in railroad stocks for years. and freight loadings are one of his favorite economic indicators. though union pacific is bigger, analysts say burlington northern is the best in breed, something buffett looks for. >> he's buyin
is sending more americans like burris to food pantries for help. feeding america--which represents hundreds of food banks and pantries nationwide-- says demand is up more than 20% this year over last. chicago pantries get most of their food from the greater chicago food depository and it's feeling the pantries pain. >> it's harder today to get food than probably any point in our history. >> reporter: executive director kate maehr walks me through the massive food warehouse that distributes about 60 million pounds of canned goods, produce, and meat a year. the depository gets some things like orange juice from the government, but it mostly counts on food companies to give it mislabeled or excess food. maehr says the tough economy is forcing those firms to better control inventories and assembly line mistakes. so, that means fewer donations. how do you make that up? are you getting it through donations, other people donating? well increasingly we're having to make it up by purchasing food. so, in the case of this food bank we'll purchase about $6 million worth of food this year. ten years ago
to ensure convictions. >> susie: there's a big disconnect between main street america and waz during this financial crisis. a lot of people who lost money in the bear stearns case were institutions and high net worth individuals. but yet there is this sense that once again a big financial firm, or individuals who work at big financial firms got off. what would you say to the american public? >> i understand that the american public is going to be disturbed and surprised by this. but this is how our system of criminal justice has always been structured. it gives the balance of advantage to the defendant. unless the prosecution can show that beyond a reasonable doubt a crime was committed, the jury is instructed to acquit, and i think this jury basically observed the instructions they were given by the court, that they had a reasonable doubt, they saw it right away and therefore the balance of advantage dictated that the defendant be acquitted. >> susie: jack, thank you so much for your time. very interesting analysis. >> thank you. >> paul: after small opening losses on profit-taking
a mtake of thinking it's a mono lit any "more" than america . >> w important is it to kw an shane language and how you train to be specialist. >> you have have excellent business developme schools, which understanding lot about licensing, joint ventures, partnership, all of ose kind of different kind of arrangemen that can be made, whetr it be a manacturing, ving your product manuftured in china or an import relationship or trading intellectual property. you have to have your basic skills in business developmt. but inddition, of course, it hes to know the langua. but i am, yoknow, i am vy well aware of how difficult is for an adult to learn a second lguage. so i don't want to deter vwers to think, oh, my god, i can't spk canto needs, i dead. it wld help for you to acquire me skis, but do no deter you. the most important thinis to ve local contacts. this is not a eld you can learn om a textbook. ere are subtle social customs about how business deals are made thatou can onl get so muchrom reading. you st go a devel local relationship, relaonships are itical in china. >> so it soundsike y
Search Results 0 to 29 of about 30 (some duplicates have been removed)